In yesterday’s Wall Street session, Futu Holdings Limited (NASDAQ:FUTU) shares traded at $47.07, up 6.93% from the previous session.
As of this writing, 17 analysts cover Futu Holdings Limited (NASDAQ:FUTU). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $579.78 and a low of $251.72, we find $474.02. Given the previous closing price of $44.02, this indicates a potential upside of 976.83 percent. FUTU stock price is now 14.99% away from the 50-day moving average and 1.45% away from the 200-day moving average. The market capitalization of the company currently stands at $6.48B.
There are 3 analysts who have given it a hold rating, whereas 12 have given it a buy rating. Brokers who have rated the stock have averaged $443.79 as their price target over the next twelve months.
With the price target maintained at $49, Credit Suisse recently Upgraded its rating from Neutral to Outperform for Futu Holdings Limited (NASDAQ: FUTU).
A total of 16.41% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in FUTU stock. A new stake in Futu Holdings Limited shares was purchased by D1 CAPITAL PARTNERS L.P. during the first quarter worth $85,100,000. MY.ALPHA MANAGEMENT HK ADVISORS LTD invested $31,862,000 in shares of FUTU during the first quarter. In the first quarter, POINT72 HONG KONG LTD acquired a new stake in Futu Holdings Limited valued at approximately $18,092,000. CAPITAL FUND MANAGEMENT S.A. acquired a new stake in FUTU for approximately $6,077,000. HEL VED CAPITAL MANAGEMENT LTD purchased a new stake in FUTU valued at around $4,979,000 in the second quarter. In total, there are 328 active investors with 35.40% ownership of the company’s stock.
Wednesday morning saw Futu Holdings Limited (NASDAQ: FUTU) opened at $44.98. During the past 12 months, Futu Holdings Limited has had a low of $28.00 and a high of $72.20. As of last week, the company has a debt-to-equity ratio of 0.15, a current ratio of 1.20, and a quick ratio of 1.20. The fifty day moving average price for FUTU is $41.03 and a two-hundred day moving average price translates $46.45 for the stock.
The latest earnings results from Futu Holdings Limited (NASDAQ: FUTU) was released for Mar, 2023. According to the Capital Markets Company, earnings per share came in at $1.15, beating analysts’ expectations of $0.82 by 0.33. This compares to $0.49 EPS in the same period last year. The net profit margin was 41.90% and return on equity was 17.10% for FUTU. The company reported revenue of $318.46 million for the quarter, compared to $209.51 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 52.0 percent. For the current quarter, analysts expect FUTU to generate $285.79M in revenue.
Futu Holdings Limited(FUTU) Company Profile
Futu Holdings Limited provides digitalized securities brokerage and wealth management product distribution service in Hong Kong and internationally. It offers online financial services, including securities and derivative trades brokerage, margin financing and fund distribution services through its Futubull and Moomoo digital platforms. The company also provides financial information and online community services; online wealth management services under the brand of Money Plus through its Futubull and moomoo platforms, which give access to mutual funds, private funds, and bonds; market data and information services; and NiuNiu Community, which serves as an open forum for users and clients to share insights, ask questions, and exchange ideas. In addition, the company provides initial public offering subscription and employee share option plan solution services. Futu Holdings Limited was founded in 2007 and is based in Hong Kong, Hong Kong.
